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Akwa Ibom Woos Chinese Investors, Offers Tax Relief, Land

The Akwa Ibom Government, says it will provide land with Certificate of Occupancy to any investor willing to do business in the state.
The Executive Chairman, Akwa Ibom Investment Corporation, Dr Elijah Akpan, made the commitment on Wednesday in Uyo while interacting with a delegation of Chinese investors.
Akpan disclosed that the state had packaged incentives for intending investors ranging from tax holiday to the development of bankable business plan.
“The state government is passionate about making the private sector work. We need to build the middle class economy.
“We want to make sure that we are independent of oil. Industrialisation is the only means to move us away from peasantry,” Akpan said.
He told the Chinese investors that investment opportunities abound in the state in the area of oil and gas, agro-allied industries, tourism, fruits and seafood production and packaging.
Akpan added that others areas of investment include aluminium and glass manufacturing, oil palm production and processing, pharmaceutical, boat building and marine services.
“The state governor, Mr Udom Emmanuel, is passionate about wealth creation through industrialisation and infrastructural development.
“We are ready to partner with the Chinese Government and investors to bring industrialisation to the state,” the executive chairman said.
In his speech, the leader of the nine-man Chinese delegation, Mr Wang Chen, said that they were in Akwa Ibom to explore investment opportunities.
Chen, who is the Director of Small and Medium Enterprises Administration, Qingzhou city, China, said that they intended to set up factories in the state and not just bringing in finished products.
He said that their areas of interest included dredging and sand mining, water treatment and packaging, electronics, mechanical equipment, tractor and power plant manufacturing.
Chen appealed for cooperation from the state government and business community, assuring that the Chinese investors were trustworthy and committed to building beneficial business relationship. (NAN)

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